Lagos, Nigeria – The British Deputy High Commissioner in Lagos, Mr. Jonny Baxter, recently visited Moniepoint’s UK office, signaling stronger trade ties between the UK and Nigeria.
This engagement underscores the UK’s commitment to deepening economic collaboration through strategic partnerships.
Moniepoint, a leading African fintech firm, demonstrates how bilateral cooperation can unlock economic growth.
During the visit, discussions centered on boosting trade and investment, particularly in energy, infrastructure, and financial services.
Both parties explored ways to enhance mutual economic benefits.
Mr. Baxter stressed trade’s vital role in UK-Nigeria relations, stating, “Trade and investment are pillars of our partnership.
We’re turning these into bridges for economic transformation.”
He also highlighted British International Investment’s (BII) backing of Moniepoint as a strategic effort to support African small businesses and financial inclusion.
Tosin Eniolorunda, Moniepoint’s Founder and CEO, thanked the UK government for fostering a business-friendly environment through the Department for Business and Trade (DBT).
He emphasized that Moniepoint’s UK operations reflect a two-way economic relationship, not just one-way investment.
The Enhanced Trade and Investment Partnership (ETIP) was recognized as a key framework for improving regulations, market access, and job creation.
Eniolorunda identified financial innovation and cybersecurity as promising areas for joint efforts, further strengthening economic ties.
Moniepoint serves over 10 million businesses and individuals with payments, banking, credit, and cross-border solutions.
As Nigeria’s top financial platform for SMEs, it processes over one billion monthly transactions, exceeding $22 billion in payment volume.
During the visit, Moniepoint unveiled plans for new remittance services, enabling Nigerians in the UK to send money home securely.
These solutions will build on the company’s reputation for speed, transparency, and reliability.
Hugh de Lusignan, Head of Financial Services at the UK’s DBT, praised Moniepoint as a symbol of Nigeria’s rising fintech influence.
He reiterated the UK’s dedication to expanding bilateral cooperation, highlighting vast potential for innovation and growth.
This visit marks a pivotal moment in UK-Nigeria trade relations, paving the way for shared prosperity.
By fostering collaboration, both nations stand to gain from a stronger economic partnership in the years ahead.